If you’ve seen advertisements on TV or online for cash home buying companies, you’re probably curious about whether they’re legitimate and how they work. You might be wondering if you should consider selling your home for cash. It’s a good idea to learn as much as you can about professional home buying companies.
How They’re Different
Cash home buying companies do business completely different from traditional real estate companies. Instead of listing your home and showing it to prospective buyers, a professional home buying company will buy your home directly from you, for cash.
Since there’s no marketing involved, you don’t have to worry about fixing up your home and having photos of your home interior posted on the internet. Your home won’t be visited by strangers who may or may not be really interested in buying it.
Who They Do Business With
Cash home buying companies usually specialize in buying homes, fixing them up, and reselling them. They often buy from homeowners whose houses need to be repaired or updated. This can often include people with financial problems or those who have inherited a home they don’t.
Home buying companies also purchase houses from people who need a fast home sale. They may be facing foreclosure, or they just need to relocate quickly to accept a job or move closer to a relative. Whatever your individual situation, the companies will consider any home that fits their needs.
How the Sale Works
The process of selling your house to a cash home buyer is simple and straightforward. You contact the company and tell them about your house. They may send a representative to your home for a walk-through, but it is not a formal inspection.
After evaluating your home and the market, the company will make a cash offer, usually within 24 hours. If you accept, you can close on the sale within a week or so, or whenever it is convenient for you.
Professional cash home buying companies may seem rather new, but they are established businesses that play an important role in the real estate industry. If you’re planning to sell your home, and you’re looking for a fast, easy alternative, it’s an option that’s worth looking into.
Do you need to sell your Spokane home in a hurry? See what a professional cash home buyer can do to help.